(Sharecast News) - Mongolian oil explorer Petro Matad announced the start of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia on Thursday.
The AIM-traded firm said the DQE Testing Rig 1 had been mobilised from Block XIX to the Heron-1 location and rigged up, with testing operations having now commenced.
If required, it said reservoir stimulation equipment was in Block XIX and was readily available.
The testing operations on Heron-1 were expected to be completed during October.
"At the nearby Gazelle-1 well, drilling with the DQE International Rig 40105 is progressing on schedule," the board added in its statement.
"Further updates will be provided in due course."
Petro Matad (MATD)25 Apr 2024 20:57
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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: